Recall from my daily chart that Bitcoin's major trend is down with an upside of about 16% and downside of about 40%.
The hourly chart doesn't give much more hope because it blew through the rising support line and just formed a bearish engulfing pattern after a glimmer of hope.
I could play around with different EMAs to find a falling support line but the knowledge is just knowing that the hourly trend is a falling support with its short-term resistance of around 10900. 2/23 B4 close
The hourly chart doesn't give much more hope because it blew through the rising support line and just formed a bearish engulfing pattern after a glimmer of hope.
I could play around with different EMAs to find a falling support line but the knowledge is just knowing that the hourly trend is a falling support with its short-term resistance of around 10900. 2/23 B4 close
Comment:
It looks like the 10500 resistance zone is winning the short-term battle. An hourly close below 10100 will confirm the bearish down trend. 2/26 11:55
Comment:
The 10500 resistance was broken but the previous 10881 resistance has crushed the short-term bulls for the moment. The old rising support at 10162 is a good short-term support for this push.
It is worthwhile to note that if you check out my daily chart this push also stopped at a declining resistance line. 2/27 10:25
It is worthwhile to note that if you check out my daily chart this push also stopped at a declining resistance line. 2/27 10:25
As a side note, the 15 minute chart has short-term support and resistance range between 10124-10315. 2/26 11am